The Global Shipping Market Is Looking Increasingly Fragile ...Middle East

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The Global Shipping Market Is Looking Increasingly Fragile
source : OILPRICE ( Middle East ) () 12
The global shipping market has been a depressing topic to report on this year. We have posted two or three updates on the state of play over the last eight months, each time expecting the situation to improve. Depressingly, by the time we come back to it, it has, if anything, gotten worse. Rising shipping rates Freight rates have soared since the beginning of the year. Port congestion has increased and container availability has decreased. Shipping line shutouts have become a common feature. Bloomberg reported that China has partly shut the world’s…

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